Globalization 2

Since the 1950's, which development is LEAST responsible for revolutionizing the transportation industry?

• commercial jet travel

• superfreighters

• containerization

• improved highway networks

All of the following characterized the global economy of the mid-20th century except:

• U.S. dominance in the world economy and world trade

• European hegemony in foreign direct investment

• Roughly half of the globe was closed to western businesses

• Dominance of large U.S. multinational firms

The world bank has estimated that today's developing nations may account for close to _____ percent of world economic activity by 2025.

• 30

• 45

• 60

• 80

FDI stands for

• federal direct investment

• federal domestic investment

• foreign direct investment

• foreign denominated investment

Collectively, the countries of the world today invest approximately _______ of their GDP outside country's borders.

• one third

• half

• one fifth

• a quarter

What is the largest owner of five star hotels in the world?

• Four Seasons

• Hilton

• Wanda Group

• Trump International

• FSG Holdings

An example of the risks associated with globalization include

• the fall of communism

• increasing independence of nations

• the rapid spread of a financial crisis

• decline of consumerism

One of the biggest concerns about globalization has been

• loss of manufacturing jobs in developed countries

• increasing diversity in society

• rise of inexpensive goods in global trade

• decreasing power of MNCs

One country in particular that has experienced enormous resistance to globalization has been

• Thailand

• Switzerland

• Saudi Arabia

• France

There is disagreement as to the role that supranational organizations such as ____________ and _______________ can play to protect interests of nation states.

• League of Nations, EU

• NAFTA, MERCOSUR

• WTO, UN

• World Bank, MNCs